Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,590,000
Office buildings
5108 196th SW St Lynnwood, WA 98036-6152
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1484583
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1990
Construction
WOOD
Total area
9,916 SF
Lot
1.04 ac (45,302 SF)
Zoning code
42
APN
608400100103
UPID
US90-1484583
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Andrea Beilner Physician Medical Clinic
-
P.O.P. Exhibits Inc Event Planning Wedding Service
-
Washington State Acupuncture Herbal Medicine and Nutrition Counseling Medical Clinic
-
Barry F. Moss, PhD Physician Medical Clinic
-
Rxdx Medical Billing Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.78M
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$2.59M
Owner & transaction history
Shigar Games LLC
Shigar Games LLC
since 2025
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
42 · Lynnwood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynnwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynnwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,735,000
ML approach
$1,780,000
CAP Approach
CAP Return
Estimation
6%
$3,140,000
6.5%
$2,900,000
7%
$2,690,000
Blend value · Realmo final
$2.59M
Range $2.33M – $2.85M · ±10% · vs last sale $2.80M (Dec 30 2025)
Last sale anchor
$2.80M
Dec 30 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$261 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,020
Tax year 2023
Assessed value
$1,574,000
Assessed 2023
Previous assessed
$1,485,000
+6.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$551,400
Assessed improvement
$1,022,600
Land market value
$551,400
Improvement market value
$1,022,600
Total market value
$1,574,000
Applied tax rate
452.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
3
Total area
9,916 SF
Lot
1.04 ac (45,302 SF)
Zoning code
42
APN
608400100103
UPID
US90-1484583
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
42 · Lynnwood, WA
Zoning 42 · permitted uses
42 · Lynnwood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynnwood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Lot
1.04 ac
Current owner
From public records · entity-resolved
Shigar Games LLC
Entity
Mailing address
5116 196TH ST SW STE #103, LYNNWOOD, WA 98036-6148
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$2,800,000
Shigar Games LLC
Glen Haven LLC
Warranty Deed
$2,380,000 · Telco Community Cu
Dec 18, 2025
—
H2mk LLC
H2mk LLC
Deed
related
—
Dec 17, 2025
—
H2mk LLC
Glen Haven LLC
Quitclaim Deed
related
—
Feb 27, 2025
$2,150,000
Hmk LLC
Glen Haven LLC
Warranty Deed
$1,827,500 · First Citizens Bank & Trust Co
Oct 12, 1999
—
Glen Haven LLC
Wight,chauncey E & Enid L
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5108 196th SW St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
